They can quote the intricacies of administration and liquidation under insolvency law.
There are a number of bankruptcy options under Italian law, including liquidation.
By the Law of Liquidation (July 1880), the annual revenues were divided into two approximately equal portions, one of which was assigned to the Caisse de la Dette, the other to the Egyptian government.
Dewey's lead bankruptcy lawyer, Al Togut, said the process had moved more swiftly and less contentiously than previous law firm liquidations.
Most of the ailing companies have filed for reorganization, not liquidation, under the bankruptcy laws, including the furniture chain Wickes, the housewares seller Fortunoff, Harvey Electronics and the catalog retailer Lillian Vernon.
In a SIPC liquidation, as I read the law, and I didn't see anything to the contrary, that pointed to any legal authority for customers to elect a trustee.
His proposals will call for replacing the financial reform law's "orderly liquidation authority" for winding down a failing financial institution with a new chapter of the bankruptcy code.
Wahhabism is not a school of Islamic law, but the liquidation of Islamic legal precedents and their substitution by naked force.
The kicker here is that this liquidation is covered under federal bankruptcy laws, not local laws, so the couple isn't covered like they normally would be had they purchased the TV under normal circumstances.
Dewey's leadership had been trying to structure a prearranged bankruptcy filing in which it would combine with Greenberg Traurig, one of the nation's largest law firms, and avoid liquidation.
